FTSE stages small recovery as strong dollar boosts consumer goods [Reuters (UK)]
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Source: Reuters
FTSE stages small recovery as strong dollar boosts consumer goods | Reuters 3 Min Read LONDON (Reuters) - UK shares were slightly higher on Wednesday, recovering from seven-month lows hit the previous day as a stronger U.S. dollar boosted consumer good giants and luxury goods company Burberry garnered support from upbeat results from Kering ( PRTP.PA ). The FTSE 100 .FTSE was up 0.2 percent by 0901 GMT, snapping two days of losses but failing to clear the pyschologically important 7,000 mark. The mid-cap FTSE 250 was up 0.2 percent after hitting its lowest levels since February 2017 on Tuesday. Asian stocks turned higher as fresh signs of stimulus from China propped up sentiment despite Wall Street’s overnight losses, while crude oil approached two-month lows after Saudi Arabia flagged possible supply increases. “The various macro-problems affecting the banking, mining and oil sectors are going to make it difficult for the FTSE to do any better, unless there is a stronger shift in s
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